3-D Matrix Income Statement

Financials in millions JPY. Fiscal year is May - April.

Millions JPY. Fiscal year is May - Apr.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '25 Oct 31, 2025	Apr '25 Apr 30, 2025	Apr '24 Apr 30, 2024	Apr '23 Apr 30, 2023	Apr '22 Apr 30, 2022	Apr '21 Apr 30, 2021
Revenue	8,467	6,934	4,588	2,314	1,506	1,024
Revenue Growth (YoY)	40.51%	51.13%	98.27%	53.65%	47.07%	52.38%
Cost of Revenue	2,654	2,510	1,503	1,026	845	720
Gross Profit	5,813	4,424	3,085	1,288	661	304
Selling, General & Admin	5,547	5,082	4,647	3,995	2,713	2,168
Research & Development	530	498	555	451	684	785
Operating Expenses	6,077	5,580	5,202	4,446	3,397	2,953
Operating Income	-264	-1,156	-2,117	-3,158	-2,736	-2,649
Interest Expense	-46	-74	-83	-60	-4	-4
Interest & Investment Income	-	-	-	-	1	-
Currency Exchange Gain (Loss)	725	-1,128	2,345	853	899	742
Other Non Operating Income (Expenses)	-90	-125	7	9	34	11
EBT Excluding Unusual Items	325	-2,483	152	-2,356	-1,806	-1,900
Gain (Loss) on Sale of Investments	-	-	-	-38	-	-
Gain (Loss) on Sale of Assets	-	-	-12	-	-	-
Asset Writedown	-42	-22	-24	-61	-92	-119
Legal Settlements	-12	-	-	-	-	-
Other Unusual Items	26	26	-141	12	5	8
Pretax Income	297	-2,479	-25	-2,443	-1,893	-2,011
Income Tax Expense	292	22	230	2	1	1
Net Income	5	-2,501	-255	-2,445	-1,894	-2,012
Net Income to Common	5	-2,501	-255	-2,445	-1,894	-2,012
Shares Outstanding (Basic)	111	99	73	60	51	41
Shares Outstanding (Diluted)	119	99	73	60	51	41
Shares Change (YoY)	39.03%	35.41%	21.76%	18.18%	25.66%	35.32%
EPS (Basic)	0.05	-25.20	-3.48	-40.62	-37.19	-49.64
EPS (Diluted)	0.05	-25.20	-3.48	-40.62	-37.19	-49.64
Free Cash Flow	-777	-1,726	-1,900	-4,601	-2,910	-3,267
Free Cash Flow Per Share	-6.56	-17.39	-25.93	-76.44	-57.13	-80.60
Gross Margin	68.66%	63.80%	67.24%	55.66%	43.89%	29.69%
Operating Margin	-3.12%	-16.67%	-46.14%	-136.47%	-181.67%	-258.69%
Profit Margin	0.06%	-36.07%	-5.56%	-105.66%	-125.76%	-196.48%
Free Cash Flow Margin	-9.18%	-24.89%	-41.41%	-198.83%	-193.23%	-319.04%
EBIT	-264	-1,156	-2,117	-3,158	-2,736	-2,649
EBIT Margin	-3.12%	-16.67%	-46.14%	-136.47%	-181.67%	-258.69%

Updated Oct 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.